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Renovated Duplex with Garage Access
For Sale
$250,000
Pending

1240 Candlelite Drive, Greenfield, IN 46140

Residential Income, Greenfield, IN

Property SizeContact for details
Lot Size0.24 Acres
Days on Market47

Property Features for 1240 Candlelite Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning residential
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Exterior features Fire Pit
Subdivision Candlelite Village
Lot features Corner Lot, Sidewalks, Storm Sewer, Street Lights, Mature Trees
Elementary school district Greenfield-Central Com Schools
Middle school district Greenfield-Central Com Schools
High school district Greenfield-Central Com Schools
Directions GPS Friendly
Standard status Pending
APN 300729401049000009
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Candelite L30
Tax Annual Amount 1594
Legal Description Candelite L30

Utilities

Heating system Forced Air
Cooling system Separate Meters

Amenities

laundry connections
garage access

Building Details

Year built 1973
Floors in Building 1
Number of units 2
Building materials Brick, Vinyl Siding
Roof type Shingle
Architectural style Other
Listing Agency: Highgarden Real Estate
Listed By: Nathan Smith
Added: Aug 28 Changed: Sep 12 Last Checked: Oct 13 at 6:06AM
MLS# 22123030

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This residential duplex includes two units at 1240 Candlelite Drive. The main-level residence has 3 bedrooms and 1.5 baths, along with new flooring, cabinets, countertops, paint, light fixtures, and a stainless steel refrigerator. The upper unit includes 2 bedrooms and 1 full bath and has also received updates. Both units include a range, refrigerator, garbage disposal, laundry connections, and garage access with space for two vehicles.

Built in 1973 on a 0.24-acre lot, the property features brick and vinyl siding, a shingle roof, forced-air heating, and separate cooling meters. Residential zoning supports its duplex configuration. Additional parking and an exterior fire pit are also included.

Key Highlights

  • Two‑unit duplex with 3‑bedroom and 2‑bedroom layouts
  • Main‑level unit renovated with new flooring, cabinets, countertops, paint, fixtures, and refrigerator
  • Upper unit includes 2 bedrooms and 1 full bath with updates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Locksmith Cafe & Coffee Shop HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

945
Businesses Nearby

Demographics for 46140, IN

41,708
Population
18,167
Households
2.3
Avg Household Size
42
Median Age
27%
College-Educated
93%
High-School Grad
172.5 sq mi
ZIP Area
242
Density / Sq Mi
$82,850
Median Household Income
$47,837
Median Earnings
$1,099
Median Rent
$227,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units provide separate layouts, rental income potential, and space for owner occupancy.
Where is this duplex located?
The property is located at 1240 Candlelite Drive Greenfield, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom and 2‑bedroom layouts; Main‑level unit renovated with new flooring, cabinets, countertops, paint, fixtures, and refrigerator; Upper unit includes 2 bedrooms and 1 full bath with updates
More about this property
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